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Santos agrees an initial sale of 2.6% of PNG LNG to Kumul for $736mn

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Santos agrees an initial sale of 2.6% of PNG LNG to Kumul for $736mn

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Natural Gas News
Santos agrees an initial sale of 2.6% of PNG LNG to Kumul for $736mn

Summary

In addition, Santos has agreed to grant Kumul a call option to acquire a further 2.4% participating interest in PNG LNG. by: Shardul Sharma

Australian energy company Santos on September 1 announced the successful initial sale of a 2.6% stake in the PNG LNG project to Papua New Guinea (PNG) state-owned Kumul Petroleum for a sum of $736mn. The ...

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